World Economy Discussed At Jackson Hole Economic Symposium

Each year world banking and economic leaders meet in Wyoming's most expensive town to talk about the world economy.

People who are worth this much money, and in charge of this much money, don't meet in average American towns.

The Jackson Hole Economic Symposium is an annual event sponsored by the Federal Reserve Bank of Kansas City.

Central bankers, policymakers, academics, and economists from around the world gather for three days of talks.

The 2023 symposium is focused on “Structural Shifts in the Global Economy.” According to the Kansas City Fed,

“While the immediate disruption of the pandemic is fading, there likely will be long-lasting aftereffects for how economies are structured, both domestically and globally, as trade networks shift, and global financial flows react.”

 

Also discussed this year were the perceived longer-term implications of government responses to the pandemic, and substantial increases in sovereign debt.

This Friday, August 25th. Chair Powell will speak at 10:00 AM ET (live stream here).

Mr. Powe will talk about the Fed’s final steps to rein in inflation and what monetary easing might look like.

Federal Reserve Chair Jerome Powell historically came with an urgent task of addressing out-of-control national debt.

With inflation off its boil, but still hot, the U.S. central bank is at or near the end of its most aggressive tightening cycle in a generation.

The Symposium allows an open discussion of economic issues, stock, and currency issues facing the economies of the world.

It is a prominent conference that witnesses the attendance of bankers, academics, and finance ministers, among other prominent participants.

The symposium was first sponsored in 1978 by the Federal Reserve Bank of Kansas City, Jackson Hole, and has been the meeting spot since 1981.